The outliers are the extreme values 4.16 and 4.83. Consider again the data in Exercises 21 and

Question:

The outliers are the extreme values 4.16 and 4.83.
Consider again the data in Exercises 21 and 22. Each type has one or more outliers that strongly affect the mean and standard deviation. Exclude the outlier or outliers and recompute the p-value associated with the null hypothesis that the mean is 1.0. What do you think of this procedure if you were told that the data were generated from an exponential with mean 1.0?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...